Sterling questions.

1. Destination - How do I know which one to choose and why would I choose one over the other?

2. SHRT / Sell / Buy - Whats the difference between SHORT and Sell? I was thinking that you click short when your opening a position and then click buy to close out but there is no 'LONG' box...Are these buttons to buy at the market or are they for limit? How do I place a limit order?

1. Destination - How do I know which one to choose and why would I choose one over the other?

2. SHRT / Sell / Buy - Whats the difference between SHORT and Sell? I was thinking that you click short when your opening a position and then click buy to close out but there is no 'LONG' box...Are these buttons to buy at the market or are they for limit? How do I place a limit order?

3. How do I rearrange the level 2 columns? Is it possible?

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#1: Choosing the destination depends on your objectives. Do you want a big rebate? Do you want size priority? Do you want VWAP execution? Etc.

#2: Short is to initiate a short; sell is to close out a long position.

#3: Why would you want to? It's the standard view most traders tend to use. (But I don't think you can.)

Does anyone know what the difference is between professional and non-professional data fees on Sterling? I am checking out a few firms and two of them are very expensive on Sterling as they said they are required to pay pro market data fees. What determines if a firm is accessed these fees or not? I don't want to be paying more then what I should have.

Does anyone know what the difference is between professional and non-professional data fees on Sterling? I am checking out a few firms and two of them are very expensive on Sterling as they said they are required to pay pro market data fees. What determines if a firm is accessed these fees or not? I don't want to be paying more then what I should have.

Thanks

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NASDAQ charges proptraders as a pro - since August 2011.

NYSE .. from 1 of August 2012.

BATS/EDGE - like non pro - but there is no diference between the price.

On Sterling the buy button counts for two conditions, "buy to open" and "buy to close/cover".

If you try to hit the sell button to open instead of the short button it will reject you - the short button checks with your local risk manager (at the prop firm) to make sure that the shares are not on the hard to borrow list.

1. Destination - How do I know which one to choose and why would I choose one over the other?

2. SHRT / Sell / Buy - Whats the difference between SHORT and Sell? I was thinking that you click short when your opening a position and then click buy to close out but there is no 'LONG' box...Are these buttons to buy at the market or are they for limit? How do I place a limit order?

3. How do I rearrange the level 2 columns? Is it possible?

More...

Sterling comes with a User Guide where all your questions can be answered.